Sales Price $1,814,159.00 Net Operating Income $102,500 Cap Rate 5.65% Lease Type NNN Property Highlights " High volume retail trade area! " Located in a trade are that draws from over 100 miles " Surrounded by National co-tenants " Adjacent to High Performing Walmart and National Retail Home Improvement Store " Excellent secured visibility from N. Riverside Drive " Surrounded by numerous national tenants: CVS; Chili's; Murphy Oil; Title Max; Many More!
Commercial lot with frontage on Riverside Drive (84/285) at a signaled intersection Advantage of high visibility as well as a high traffic count at 26,000 CPD. Formerly a gas station site remediated to NMED's satisfaction. Price below appraisal and as-is and now reduced from $180,000 to $165,000!!!
|Photo Coming Soon|
Dollar Tree and rue21 are located at 402 Carr Lane in Espanola (Santa Fe), New Mexico. The subject consists of one, two-tenant retail building totaling approximately 13,000-square-feet. The total land area of the offering is 1.03 acres. The property is 100 percent leased to Dollar Tree Stores, Inc. and rue21, Inc. on a double-net (NN) basis. A Fortune 500 Company, Dollar Tree (NASDAQ: DLTR) operates 5,367+ stores in 48 states and five Canadian Provinces. Rue21 is one of the fastest-growing fashion retail brands in the country with over 1,100 stores in 48 states. The subject property is located off of North Riverside Drive/US Highway 68. Dollar Tree and rue21 are ideally positioned adjacent to a Walmart Supercenter and Lowe' s Home Improvement. Other businesses in the shopping center include GameStop, Shoe Dept., McDonald' s, Freddy' s, Check n Go, Chili' s and more. There is a large parcel directly across from the center designated for future retail development, and the property sits just north of a brand new CVS as well as a brand new Walgreens. There are over 266,000 residents within a 5-mile radius of the property & average household income exceeds $71,600 within 5-miles.